Lee & Associates Transacts Apartment Building Sale in Los Angeles Neighborhood of Silver Lake

LOS ANGELES, CA – Griffith Park Apartments, a 10-unit apartment building in the Silver Lake neighborhood of Los Angeles, has traded for $5,100,000 or $510,000 per unit, according to Warren Berzack, National Director, Lee & Associates Multifamily Group, who represented the seller of the property.

ROI Facilitators, LLC sold the three-building property located at 2118, 2124 and 2130 Griffith Park Blvd. to Burnell G. Juilar.

“This property has tremendous rental upside, and the location amenities are ideal for an upscale population of young professionals,” said Berzack.

Silver Lake is quickly becoming one of the most sought-after neighborhoods by renters and home-owners, and as single-family home prices have escalated, and affordability has been impacted, rental demand has surged.

About Lee & Associates Commercial Real Estate Services: Lee & Associates  is a fully-integrated commercial real estate company with unrivaled capabilities and an unwavering dedication to integrity. Our business-minded brokers specialize in office, industrial, retail, multi-family, land, investment services, corporate solutions, and valuation and appraisal services. As the fastest-growing broker-owned firm in the nation, with 59 office locations in North America, we are uniquely qualified to support our clients’ real estate needs in the local, national and international markets.